China will raise the retail prices for gasoline and diesel by 300 yuan (47.53 U.S. dollars) per tonne starting Feb. 8, the country's top economic planner said Tuesday. The benchmark retail price of gasoline will be lifted by 0.22 yuan per liter and diesel by 0.26 yuan per liter, according to the National Development and Reform Commission (NDRC). The latest price change, which has been anticipated by the market, comes amid rising pressure for the country's refineries, as the increasing international crude oil futures prices keep driving up their operation costs.
China will raise the retail prices for gasoline and diesel by 300 yuan (47.53 U.S. dollars) per tonne starting Feb. 8, the country's top economic planner said Tuesday.
The benchmark retail price of gasoline will be lifted by 0.22 yuan per liter and diesel by 0.26 yuan per liter, according to the National Development and Reform Commission (NDRC).
The latest price change, which has been anticipated by the market, comes amid rising pressure for the country's refineries, as the increasing international crude oil futures prices keep driving up their operation costs.
